13 Sep 2017 07:01
John Lewis of Hungerford plc
Trading Update
The Board of John Lewis of Hungerford plc (AIM:JLH) provides an update on trading for its financial year ended 31 August 2017.
Our performance in the second half year, traditionally our stronger trading period, was in line with expectations announced in May. Based on unaudited management information, we expect to report sales for the full year of £8.2 million (2016: £8.2 million) and a small operating profit. As previously announced, in the prior year we took the decision to close our showrooms in Tunbridge Wells and Harrogate. Both ceased trading by 31 December 2016 and, after adjusting for the effect of these closures, the underlying sales growth for the year is around 4%.
The Board has separately announced today the appointment of James Barnard as a new non-executive director.
Enquiries: | |
John Lewis of Hungerford plc | 01235 774300 |
Gary O'Brien, Chairman | |
Smith & Williamson Corporate Finance Limited | |
Martyn Fraser | 0117 376 2213 |
Katy Birkin | 0207 131 4000 |
This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.